Westgold Resources and Westhaven Gold report significant mineral resource updates

Westgold Resources Limited has reported a significant increase in its mineral reserves as of June 30, 2026. The company’s proven and probable mineral reserves rose by 41% to 4.1 million ounces, with a 15% increase in reserve grade to 2.22g/t Au. This growth was achieved at a reserve addition cost of $27 per ounce, maintaining an estimated 10-year reserve life at current processing capacities.

In British Columbia, Westhaven Gold Corp. has reported positive assay results from its 35,000-metre resource infill drilling program at the Shovelnose gold property. Recent drilling confirmed high-grade gold and silver mineralization, including a 10-metre interval grading 12.18 g/t Au and 103 g/t Ag. This work is supported by a strategic earn-in agreement with Dundee Corp., which may earn up to a 60% interest in Westhaven’s properties through staged expenditures of up to CDN$85,000,000.